Modern day businesses are likely to be exposed to diverse frauds. Contemporary criminals make use of sophisticated skills and advanced technologies to perform unlawful activities in the financial sector. Such activities are often associated with money laundering, embezzlement, evasion of sanction, and illegal transfer of funds for tax avoidance and financing terrorism. Frauds can be engineered by the outsiders, with or without connivance by the employees or by the latter on their own.

To prevent such frauds, the ideal approach involves the whole company and its processes in order to provide the key solution defining the Fraud Management Solution. The functional model for the definition of an anti-fraud solution is based on components such as Prevention, Management, Analysis and Investigations. The ability to detect actual fraud in real time reduces both loss and manual intervention costs.

The Fraud Administration and Governance Virtual Summit, Americas aims to identify the set of challenges that the companies face, tackle the myths, champion the best practices and embody the cutting edge technologies in the market, enabling Fraud Administration to be implemented in full scale.